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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: fat boy who wrote (4385)	6/9/1998 9:50:00 PM
From: TFF	Read Replies (2) \| Respond to of 12617

fatboy:Answers: 1) When to trade full- time? when you can afford to lose you trading capital and live comfortably off the income from the rest of your investments. Be sure this is what you want to do. Research the subject to death before taking the leap. Read this entire thread - many people are on the same path ahead of you. 2)The best system for you might not be someone else's ideal system. Check the Final Frontier links for the options. 3) what's your question? 4) the faster/reliable connection the better. 5) home is best in my opinion but office is preferred by some. Start slow w/20,000 to 50,000 to start. If all goes well you can increase position size later on. Cheers!

To: fat boy who wrote (4385)	6/10/1998 7:25:00 AM
From: steve goldman	Read Replies (3) \| Respond to of 12617

Hello FatBoy! I figured I take a few minutes and reply to your questions. 1."How and when to quit and trade full time?" Irby said it perfectly. When you can financially and psychologically give up that steady income (salary) and stomach the risks associated with trading and potential to not only NOT make, but lose. Yet, knowing many, switching professions is never easy and involves substantial risk and uncertainty. At a certain point, you have to bite the bullet. Whats nice about trading is you might be able to do some legwork, get some experience and somewhat testyour abilities without giving up that job. 2. 400K - ditto Irby...a bit too much. WOuld though suggest you start with 50 or 100. Undercapitalization is bad in any business. If you are unsure, paper trade. paper trade untilyou are blue in the face but do it with 150% sincerity, that is, dont assume you can buy stock thats flying with one offer left. Assume you don't get stock when you wait till that last second...make it as real as possible...dont kid yourself here. 3. Healthcare - you're on your own, unless you and others on here can form some corporation for the sole purpose of health insurance and other benefits. 4. Trading System and PC - Some think the only true way is from an office. It has definite merit. Yet ifyou have a dual isnd or partial fram relay (not cheap, figure $300 /month min) your data delivery at home should be as fast as sitting at some firm office. I have tested 33.6delivery and isnd/t1...33.6 does infact have some time delays, etc. ISDN/T1 - probably as fast as the dedicated lan connection in any remote office...note, they have to bringin their data as well. Best system - I'd call Ross at MBTrading if you are thinking about high volume, day trading...mbtrading.com or ABwatley or Cybertrader Position trading, call that firm Yamner..<gg> Best PC - they are all excellent but a few extra bucks aint going to hurt you and will be a pos return on investmnet. Look for a Dell or Micron, 300, 400mhz, 64 ram, most important, dual monitors,,,data feeds are most expensive, a few hundred a month..monitors are cheap , afewhundred one time. This is assume you can be a successful day trader. More fail than succeed. The exact ratio, as a discussion on the Trading Desk thread just pointed out (http://www.exchange2000.com/~wsapi/investor/Subject-15612), noone knows for sure. Just be careful and evaluate the risks sincerely. -Steve@yamner.com